SID launches initiatives to build director competencies
TO strengthen the competencies at the top of Singapore companies, the Singapore Institute of Directors (SID) unveiled a slew of new initiatives at its Directors Conference 2024. These come…
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Fashion
Azalea’s Altrium funds close at over US$200 million each
Both funds have attracted investors that include institutions, private banks, family offices, external asset managers and high-net-worth individuals AZALEA Investment Management has…
US port strikes to boost global shipping rates despite earlier front-loading of peak season demand
Prices spiked in July as companies scheduled shipments before the usual year-end peak period THE year-end peak shipping season has been quieter than usual, as companies brought forward…
Nippon Steel invests in Mlion, eyes stronger Asean foothold
The Japanese steel giant hopes to leverage Mlion’s position as a market leader in the steel sheet piling sector SINGAPORE-headquartered foundation solutions company Mlion Corporation has…
US East Coast dockworkers head toward strike after deal deadline passes
DOCKWORKERS on the US East Coast and Gulf Coast were expected to strike on Tuesday morning after a midnight deadline passed with no sign of a new contract deal with port owners. The strike…
Ringgit’s surge pressures Singapore shoppers and Malaysians working across borders
Observers say it could continue strengthening, but that a return to below the 3.00 level against the Singdollar is unlikely The Malaysian ringgit’s surge against the Singapore dollar –…
Gold holds ground as investors await US data for further clues
GOLD price held its ground on Tuesday (Oct 1), following a decline of nearly 1 per cent in the previous session, as investors awaited upcoming US data for insights on potential interest…
Venture Corp appoints Wong Chee Kheong as group CEO
TECHNOLOGY company Venture Corporation has named Wong Chee Kheong, 62, as its group chief executive officer (CEO) effective Nov 1. In his new role, Wong will provide leadership to all…
Stocks to watch: Japfa, Keppel, Mapletree Industrial Trust, Venture, CapitaLand Ascott Trust, QAF
THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 1): Source link
CapitaLand Ascott Trust to acquire lyf Funan Singapore at S$263 million agreed value
CAPITALAND Ascott Trust (Clas) has proposed to acquire Victory SR Trust (VSRT), which directly holds a 100 per cent interest in lyf Funan Singapore. On Tuesday (Oct 1), its managers said…
CapitaLand Ascott Trust to buy lyf Funan Singapore at S$263 million agreed value
CAPITALAND Ascott Trust (Clas) has proposed to acquire Victory SR Trust (VSRT), which directly holds a 100 per cent interest in lyf Funan Singapore. On Tuesday (Oct 1), its managers said…
China’s top banks to tweak mortgage rates to boost housing market
SIX of China’s biggest banks said they would tweak interest rates on existing mortgages following a request to lower them from Beijing’s central bank, state media said on Monday (Sep 30),…
Epic Games sues Google and Samsung over app store
“FORTNITE”-MAKER Epic Games is suing tech giants Google and Samsung, it announced on Monday, accusing them of illegally colluding to block competition on Samsung devices. CEO Tim Sweeney…
Jeep owner Stellantis warns of fire risk in 200,000 plug-in SUVs
STELLANTIS warned that nearly 200,000 plug-in hybrid Jeep SUVs worldwide may be at risk of catching fire. The carmaker is recalling roughly 154,000 late-model Wrangler 4xe and Grand…
F&B counters still whet investor appetite amid privatisation deals
The thirst for yield has drawn interest from private equity, which can provide a further boost to growth SINGAPORE-LISTED food and beverage (F&B) players remain largely attractive,…
F&B, grocery players like Sheng Siong, DFI still whet appetite of investors
DESPITE a fiercely competitive environment, Singapore-listed food and beverage (F&B) players are still a draw for investors. The thirst for yield has also drawn private equity interest to…
EU says it could continue China EV talks even after tariffs
THE European Commission is willing to continue negotiating with China a potential deal to avert tariffs on Chinese electric vehicles even after such tariffs are imposed, a senior EU…
Lagarde backs bank mergers as ECB prepares for UniCredit verdict
European Central Bank President Christine Lagarde reinforced her support for international banking tie-ups in the eurozone, saying they can produce many upsides, including a greater…
Thai Air plans US$1.3 billion share sale to complete debt revamp
Thai Airways International plans to issue new shares worth at least US$1.3 billion to creditors and other investors by December, a major step toward exiting a court-monitored debt…
US: Wall St opens lower as investors await economic data, Powell's comments
Wall Street’s main indexes opened lower on Monday (Sep 30) as investors paused after a rally in the previous week and exercised caution ahead of numerous job reports and comments from…
Euro nudges higher; China stimulus boosts Aussie and kiwi
THE euro strengthened on Monday (Sep 30) after German inflation data, while commodity currencies rose on hopes for a turnaround in China’s economy and the Japanese yen steadied as traders…
Indonesia’s Bank Mandiri backs new coal power plant with US$1.27 billion financing
The financing comes at a time when Indonesia is striving to reduce coal consumption and transition to renewable energy Bank Mandiri – the latgest state-owned lender in Indonesia –…
Murdoch’s REA ends month-long takeover pursuit of Britain’s Rightmove
RIGHTMOVE’S shares dropped 8 per cent on Monday (Sep 30) after Rupert Murdoch’s REA Group ended its US$8.29 billion takeover pursuit following a fourth bid rejection from the British real…
Japfa fails to buy targeted maximum number of shares under equal access scheme
Shareholders will be entitled to sell to the company up to 9 per cent of shares held in their name JAPFA managed to purchase only 76.3 per cent of the maximum number of shares it had aimed…